Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against dYdX+0.060%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1671.671% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now +0.060%, 7d avg −0.021%

Together, before fees+0.526%+ Points / potential airdropedgeX: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.081% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.99	0	get 0.0000% / 1h	53m 36s	$103K	$4K	10x
Short	edgeX AAVEUSDC	144.08	0.0100	get 0.0050% / 4h	1h 53m	$104K	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $21
Price spread: +0.060% → −0.021%: $8.1
Slippage, 4 orders: −$148.13
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$138.03
Costs to cover: 1.671%
Break-even: 53.0 days

Slippage from dYdX: live order book, 10 min ago; edgeX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 10 min ago	69.43 bp	74.4 bp −$74	74.4 bp −$744	74.4 bp −$7,443	74.4 bp −$37.2K
Sell edgeX live order book, 9 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

AAVE on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUAL	−0.6483%	1h	143.09	−0.628%	$243K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.190%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	+0.053%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.99	long leg	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.97	−0.017%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	−0.027%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.414%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.885%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.093%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.02	+0.018%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.03	+0.025%	$17.3M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0093%	8h	144.04	+0.032%	$26.3M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0094%	8h	144.07	+0.053%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.17	+0.124%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	+0.053%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	+0.001%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.12	+0.088%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	−0.020%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	+0.032%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.06	+0.046%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	+0.074%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.035%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.01	+0.011%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.05	+0.039%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.04	+0.032%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.01	+0.011%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.04	+0.032%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.422%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.08	+0.060%	$104K	$277K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.120%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	−0.051%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.90	−0.062%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.06	+0.046%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.194%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	−0.023%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.00	+0.003%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.06	+0.049%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.12	+0.088%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0410%	1h	143.93	−0.047%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.14	+0.100%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.393%	$777K	$2.8M	50x	as long as short